Overview

A solo 401(k) plan is often the retirement plan of choice for the owners of small businesses, when the only employees are the business owners. If you have a client who is currently using or considering whether or not to adopt a solo 401(k) retirement-plan, you should attend this program. During the program, we will cover the ins and outs of setting up and administering solo 401(k) plans—vital information that you need to know in order to effectively advise your clients.

Major Topics:

What is a solo 401(k) plan?

Which businesses are eligible for a Solo-K plan?

Setting up a 401(k) plan

Why a small business owner should use the solo 401(k) retirement plan

Advantages and disadvantages of the solo 401(k) option

Selecting a plan trustee

Contribution limits

Form 5500 filing requirement

Options to consider when a business is no longer eligible for a Solo-K plan

Learning Objectives

Describe the advantages and disadvantages of the solo 401(k) plan option